News: Motorola losses in the I quarter rose to $231 million
April 30, 2009 – 11:12 pmNet loss
American company Motorola in the I quarter of 2009. increased by 19% – up to $231 million compared with losses of $194 million a year earlier.
As reported in the press release the company, sales of Motorola, on the basis of I quarter has decreased by 28% to $5.37 billion over the same period in 2008. Company sales totaled $7.45 billion
In addition the company has reduced approximately 7 thousand employees since October 2008. in connection with the fall in consumer demand. Also, the company increased its forecast for reducing the cost of $200 million to $1.7 billion
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